LatAm Equity Suffers Biggest Redemptions

LatAm Equity Suffers Biggest Redemptions

Funds

LatAm equity funds suffered redemptions of $504.0m in the week ended August 13, according to EPFR Global, which calls it the week’s worst performing major fund group. LatAm posted a collective 6.26% loss, extending a 10-week, $3.45 billion losing streak that has been fueled by steady outflows from Brazil equity, says EPFR. Brazil funds lost $47.0m, which helped bring AUM to $12.3bn. So far this year, Brazil funds have seen net inflows of $257m. “With some commodity prices hitting 6-month lows an

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